American Financial Group (NYSE:AFG) Announces Earnings Results

American Financial Group (NYSE:AFG) posted its quarterly earnings results on Tuesday. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03), Zacks reports. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%.

American Financial Group Stock Performance

Shares of AFG stock traded down $0.66 on Tuesday, reaching $136.04. The stock had a trading volume of 447,947 shares, compared to its average volume of 297,734. The company has a 50 day simple moving average of $138.13 and a 200 day simple moving average of $134.75. The stock has a market cap of $11.42 billion, a P/E ratio of 12.75 and a beta of 0.83. American Financial Group has a 1 year low of $115.64 and a 1 year high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.35%. American Financial Group’s dividend payout ratio (DPR) is 29.99%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Piper Sandler raised their price objective on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their target price on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, BMO Capital Markets raised their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.